Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare window into the automotive technologies the company has been pursuing.

German chemicals giant BASF reported Tuesday its annual profits slumped in 2018, with knock-on effects from major customer sectors and geopolitical headwinds including trade conflicts taking the business off the boil.

The day-long annual conclave and conclusion of Automotive Design Challenge (ADC) was based on the theme: ‘Shaping Tomorrow’s Mobility Business’ which witnessed an amalgamation of renowned and budding automotive designers, showcasing the future of automobile styling in India.

Keen on expanding footprint to India, UK-based Susaimo International is in advanced talks with India's ASL Industries for manufacturing light-weight British designed tractor-trailers, its founder said Sunday.

Evergrande Health Industry Group Ltd said it would buy a 51 percent stake in National Electric Vehicle Sweden AB (NEVS) for $930 million, as the Chinese healthcare service provider continues to diversify into new energy automotive industry.

In a BSE filing on Thursday, the company said it entered into an agreement for the divestment of its Chennai-based automotive division with Hi-Tech Arai Private Limited, a manufacturer of general purpose machinery based in Chennai.

“We are offering attractive funding options to our customers, which will ease the burden of fuel price hike. We don’t foresee much of an impact of interest rate as it has been an marginal increase,” said Kulkarni.

According to RBI data, 90% of all transactions in India are made with cash. A little over 80% of this cash became practically useless overnight after Rs1000 and Rs500 currency notes were demonetized on November 8 this year. This withdrawal of legal tender status of these notes came as a major blow to traders who rely mainly on cash for business transactions. Kashmere gate in old Delhi, one of Indias largest wholesale markets for auto parts, which is overcrowded on any usual day, wore a Read more..

Dheeraj Hinduja, chairman at India’s second largest truck maker Ashok Leyland, prefers a low profile, but with managing director Vinod Dasari leaving at the end of the month, he says he’s become more “hands-on”.